AFP
13876 articles published since 08 Mar 2022
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German economy shrinks slightly in third quarter
German output shrank in the third quarter, official data published Monday showed, adding to a continued gloomy picture for Europe's largest economy despite falling inflation. The indicator fell again to 3.8 percent in October, according to data published by Destatis on Monday, with energy prices posting their first year-on-year fall since January 2021.
Taiwan's Foxconn calls for 'confidence' in wake of Chinese tax probe
Taiwan-based tech giant Foxconn said Monday its current operations were "normal", calling for confidence in the company after a tax probe launched by Chinese authorities. Last week, the company said it would cooperate with the relevant authorities in their probing of "operations concerned", but did not provide further details.
California startup to 'sponge' CO2 from the atmosphere
Scrubbing carbon dioxide from the air is imperative if humanity is to limit global warming, experts say, and a California startup says it can do just that, using limestone as a carbon-sucking sponge.
HSBC says pre-tax profit more than doubled in third quarter
Banking giant HSBC said on Monday that pre-tax profit in the third quarter more than doubled to $7.7 billion, reflecting the "positive impact of a higher interest rate environment". The London-listed lender reported third-quarter revenue grew 40 percent to $16.2 billion as higher rates "supported growth in net interest income in all of our global businesses, and non-interest income increased".
UK prepares to host global leaders' gathering on AI
The UK government will welcome foreign political leaders, tech industry figures, academics and others this week for a two-day summit billed as the first of its kind on artificial intelligence (AI).
Heavy industry turns to carbon capture to clean up its act
For decades heavy industry around Dunkirk in northern France has belched out millions of tonnes of climate-heating gases. The CO2 will then be separated off and piped to a terminal in Dunkirk that will hold 1.5 million tonnes of the gas when it opens in 2028.
Crude slips on easing worries of region-wide Middle East war
Oil prices fell Monday as Israel stepped up ground attacks on Hamas targets in Gaza but held back from a full-on incursion, fanning hopes a wider conflict can be avoided. Thousands of civilians have been killed on both sides since the conflict was triggered by an unprecedented attack on Israel by Hamas on 7 October.
Free trade deal between EU and Australia collapses
A free trade deal between the European Union and Australia has unravelled despite early optimism, with Canberra saying Monday it could take years until negotiations resume. A European Commission spokesperson said it had been optimistic of striking a deal in Osaka, but that Australia had "re-tabled agricultural demands that did not reflect recent negotiations".
Drought and shrinking herds push US beef prices through the roof
A prolonged drought is shrinking livestock herds and driving beef prices to record highs in the US, even as consumption is growing stronger. Incentivized by record prices, many breeders are parting with their heifers earlier, which prevents the herd from growing, according to Baldwin.
AFP
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